Blue Calypso, Inc., (OTCBB:BCYP), developer of patented mobile consumer engagement and social advocacy solutions for retailers and product manufacturers, announced today that it had successfully completed the conversion of all of its outstanding 10% convertible debentures. During November and December 2014, the Company entered into agreements with the holders of such debentures adjusting the conversion prices to approximate the market price of the Company’s common stock at such time.
“We are pleased that our recent debt conversion allows the company to begin 2015 debt free,” Andrew Levi, CEO of Blue Calypso stated. “Our innovative mobile engagement solutions, as well as the development
expertise of BC Labs, puts Blue Calypso in a great position for the coming year. We are confident that these core services in addition to our ongoing patent strategy will continue to drive the business towards profitability.”